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Financial Sector Update for 02/04/2019: DB, GS, HSBC, KKR, JPM, BAC, WFC, C, USB

Top Financial Stocks

JPM: +0.10%

BAC: +0.25%

WFC: Flat

C: +0.20%

USB: Flat

Financial stocks were flat to higher pre-market Monday.

Among financial stocks moving on news:

(-) Deutsche Bank ( DB ) was more than 2% lower. The bank on Friday reported an adjusted loss of EUR0.13 ($0.15) versus the Capital IQ consensus estimate for a loss of EUR0.08 per share.

In other sector news:

(+) HSBC ( HSBC ) is up 0.02% pre-market Monday following the bank's announcement Sunday that together with Goldman Sachs ( GS ), it led a series A fundraising round that helped UK financial technology startup Bud secure $20 million in funding.

(+) KKR ( KKR ) also rose to 4.59% pre-market Monday on reports that the company is planning the "full or partial" sale of its Hitachi Kokusai chip equipment unit and is entertaining bids from two Chinese buyers.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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